Archive for the ‘Blog’ Category

Over-Arming the Bureaucracy


Monday October 23rd, 2017   •   Posted by Craig Eyermann at 6:10am PDT   •   0 Comments

In 2015, the nonpartisan government spending transparency advocate OpenTheBooks began tracking the U.S. government’s purchases of firearms and ammunition down to the department and agency level, where one of the most surprising things they uncovered back then was that civilian government agencies that you would never think would have a legitimate need for semiautomatic...
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Will Supreme Court End Confiscation Con?


Friday October 20th, 2017   •   Posted by K. Lloyd Billingsley at 3:10am PDT   •   0 Comments

While Janus v. American Federation of State, County, and Municipal Employees awaits a ruling from the U.S. Supreme Court, developments in California may clarify the issues involved. The California Association of Psychiatric Technicians, a government employee union with more than 6,000 members, will levy a monthly charge of $6.50 to fund political activities. Union...
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Veterans Flee VA’s Failing Socialized Health Care


Thursday October 19th, 2017   •   Posted by Craig Eyermann at 6:23am PDT   •   0 Comments

It may come as a surprise to many Americans, but the U.S. government operates at least two fully socialized health care systems, for which it both pays the cost of health care and also directly provides it: the Veterans Health Administration for military veterans and the Indian Health Service for Native Americans. Both can...
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Down with the Czars!


Wednesday October 18th, 2017   •   Posted by K. Lloyd Billingsley at 10:24am PDT   •   0 Comments

Rep. Tom Marino, Pennsylvania Republican, has withdrawn his name for consideration as President Trump’s drug czar. By some accounts, Marino backed legislation that restricted enforcement of opioid laws. Sen. Joe Manchin, West Virginia Democrat, who called for Marino’s withdrawal, said “we need a drug czar who has seen the devastating effects of the problem.”...
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Government No-Fire Zone Abuses Taxpayers


Tuesday October 17th, 2017   •   Posted by K. Lloyd Billingsley at 4:50am PDT   •   0 Comments

“Tesla fired hundreds of workers this week, including engineers, managers and factory workers,” reported Louis Hansen of the San Jose Mercury News. “Little or no warning preceded the dismissals,” which came after performance reviews, as the company struggles to produce its Model 3 sedan, for which 450,000 customers are waiting. Overall, Tesla showed the...
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How Debt Is Keeping the Lights Off in Puerto Rico


Monday October 16th, 2017   •   Posted by Craig Eyermann at 6:14am PDT   •   0 Comments

On September 20, 2017, Hurricane Maria slammed into Puerto Rico and knocked out the entire power grid of the U.S. territory. Nearly three weeks later, about 90% of the island’s electrical grid was still without power. In Puerto Rico, electrical power is solely provided to some 1.5 million households and businesses by the Puerto...
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Government Pension Tricks Pillage Taxpayers


Thursday October 12th, 2017   •   Posted by K. Lloyd Billingsley at 11:15am PDT   •   0 Comments

As Lawrence McQuillan notes in California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis, outlandish pensions for government employees have put state budgets in crisis and threaten the services taxpayers receive. In California, government employees could retire at age 55 with two percent of their salary for each year of state employment....
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Introducing “Bankruptcy Lite”!


Thursday October 12th, 2017   •   Posted by Craig Eyermann at 6:25am PDT   •   0 Comments

Earlier this week, we mentioned that if a fiscally strapped local government cannot tax or cut its way out of its debt burden, and won’t take action to directly reduce its most costly liabilities, then bankruptcy is a viable third option to preserve the interests of those who reside within the government’s jurisdiction. But...
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What Is Your City’s Debt Burden?


Monday October 9th, 2017   •   Posted by Craig Eyermann at 6:11am PDT   •   0 Comments

What is your local government’s debt burden? Or in other words, how much of your local government’s annual revenue would be fully consumed by its liabilities? That’s a question that J.P. Morgan took on in its recent analyst report The ARC and the Covenants 3.0, in which it considered the total debt burdens of...
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Gov. Brown’s Tunnel Vision Gets More Costly and Corrupt


Friday October 6th, 2017   •   Posted by K. Lloyd Billingsley at 12:03pm PDT   •   0 Comments

As we noted, even with a single tunnel, Jerry Brown’s massive $16 billion “WaterFix” for the delta is a financial bust. According to Benefit-Cost Analysis of The California WaterFix, by Jeffrey Michael of the Center for Business and Policy Research at the University of the Pacific, construction costs, estimated at $16 billion, are still more than...
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